Chicago Metropolitan Housing Development Corporation Sells 15-Unit Multifamily Property For $725,000 In Chatham, Chicago
SOLD
$725,000
Illinois
See Similar DealsMultiFamily7,375 SF
Sold 09/10/2021
SOLD
Chicago Metropolitan Housing Development Corporation Sells 15-Unit Multifamily Property For $725,000 In Chatham, Chicago
8001 South Dobson Avenue, Chicago, IL, USA
See Similar DealsMultiFamily7,375 SF
Sold 09/10/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$98
Total Square Footage:7,375 SF
Transaction Type:Sale
An multifamily property located at 8001 S. Dobson in Chatham, Chicago has been sold for a price of $725,000. The property consists of 15 units, which brings the price per unit to $48,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $725,000
- Address: 8001 S. Dobson, Chatham, Chicago
- Market: Chatham, Chicago
The seller of the property was the Chicago Metropolitan Housing Development Corporation. The sale was facilitated by Aaron Sklar & Noah Birk from Kiser Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$38,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,575.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,436.87
Annual Debt Service$41,242.44
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